Crude Declines for Second Day After Employment Report

Oil fell for a second day after a report showed U.S. employers hired fewer workers than forecast in June, increasing concern that slower economic growth will reduce demand for oil.

Oil slipped after the Labor Department said payrolls rose 80,000, less than the 100,000 increase forecast by economists surveyed by Bloomberg. The International Monetary Fund will reduce its estimate for global growth this year, Managing Director Christine Lagarde said.